This article is brought to you in association with the European Parliament. Plenary adopted recommendations to the European Central Bank on Tuesday, following a debate on its priorities and activities with President Christine Lagarde on Monday. With 378 votes in favour, 233 against and 26 abstentions, MEPs say they want the ECB to do more to […]MEPs ask the ECB to assess the impact of global conflicts on price stability
February 14, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. Plenary adopted recommendations to the European Central Bank on Tuesday, following a debate on its priorities and activities with President Christine Lagarde on Monday. With 378 votes in favour, 233 against and 26 abstentions, MEPs say they want the ECB to do more to […]ECB boss pledges to MEPs to fight inflation and restore confidence
September 27, 2022 by Leave a Comment
This article is brought to you in association with the European Parliament. The European Central Bank President announced future interest hikes, while MEPs voiced concerns about rising energy and food prices, and mortgage rates. On Monday afternoon, during the third hearing this year with the European Central Bank President Christine Lagarde, MEPs in the Economic and […]MEPs focus on inflation and economic divergence with ECB President Lagarde
June 21, 2022 by Leave a Comment
This article is brought to you in association with the European Parliament. Inflation and the new anti-fragmentation mechanism soon to be launched by the European Central Bank were the two main topics raised by MEPs with ECB President Lagarde. Attending the first Monetary Dialogue in Parliament’s Economic and Monetary Affairs Committee since the attack by Russia […]The ECB plans to maintain supportive monetary policy, Ms Lagarde tells MEPs
June 22, 2021 by Leave a Comment
This article is brought to you in association with the European Parliament. The Economic and Monetary Affairs Committee quizzed the ECB President about economic stimulus stemming from negative interest rates and plans for the pandemic emergency purchase programme. During the monetary dialogue on Monday evening, the ECB’s President Christine Lagarde assured ECON MEPs that, while the […]COVID-19 and German constitutional court decision top meeting with ECB’s Lagarde
June 9, 2020 by Leave a Comment
This article is brought to you in association with the European Parliament. MEPs quizzed ECB President Christine Lagarde for the first time since the pandemic and the German constitutional court’s ruling on the ECB’s bondbuying programme. During the quarterly ‘Monetary Dialogue’ with Ms Lagarde on Monday, Economic and Monetary Affairs Committee MEPs focused almost exclusively on […]ECB policy is working, but new challenges need new responses
February 13, 2020 by Leave a Comment
This article is brought to you in association with the European Parliament. Slowing economy requires ECB to continue its interventions, but governments must also do their part ECB policies should better reflect environmental and climate goals More attention should be paid to crypto-assets to protect consumers MEPs on Wednesday asked the European Central Bank to step […]Lagarde discusses the European Central Bank’s policy revamp with MEPs
February 7, 2020 by Leave a Comment
This article is brought to you in association with the European Parliament. ECB President Christine Lagarde, on Thursday fielded questions from the Economic and Monetary Affairs Committee on the review of the bank’s monetary policy. In her opening remarks, Ms Lagarde set out the ECB’s outlook for the Euro area characterised by sluggish growth and sought […]European Parliament gives green light to Christine Lagarde
September 19, 2019 by Leave a Comment
This article is brought to you in association with the European Parliament. Christine Lagarde obtained Parliament’s approval to be the ECB’s next President, in a plenary vote on Tuesday. In the secret vote, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Ms Lagarde to head up the European Central Bank. The European […]The world condemned by neo-liberals to feed trillions to banks: the New Deal exorcised
May 2, 2019 by 1 Comment
One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]The financial world upside-down: debt failure closer
March 28, 2019 by Leave a Comment
A round $10 trillion worth of bonds are currently being traded in world markets on negative interest rates. At the same time, the European Central Bank prepares to flood the Eurozone and the banking world with hundreds of billions of zero interest rate euros, in an abrupt change of monetary policy course from restrictive to […]Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash
March 11, 2019 by Leave a Comment
Last Thursday, the European Central Bank decided to start again feeding the bankers with more zero cost trillions. This was a surprise to many, because everybody thought the €2.6 trillion the ECB has already handed to banks free of charge were enough. Seemingly, Mario Draghi thinks it is not and hurried to invite the bankers […]Mario Draghi quizzed for last time by Economic and Monetary Affairs Committee
January 29, 2019 by Leave a Comment
This article is brought to you in association with the European Parliament. European Central Bank President and Chair of the EU’s economic risk watchdog Mario Draghi appeared for the last time in Parliament before the European elections. Mr Draghi took the opportunity to reiterate his calls for structural reforms to be prioritised in order to complete […]MEPs spell out priorities for the European Central Bank and on banking union
January 18, 2019 by Leave a Comment
This article is brought to you in association with the European Parliament. MEPs on Wednesday set out their priorities for the European Central Bank’s actions in the coming year and those for moving ahead with completing the banking union. In two separate resolutions, the first on the work of the European Central Bank (ECB) drafted by […]Draghi to lay his print on long term ECB policies prior to exiting next year
September 17, 2018 by Leave a Comment
Mario Draghi, the President of the European Central Bank, was criticized by major global financial media for insisting to end the easy money policy this December. The argument is that, after ECB’s Governing Council decided at the end of the prosperous 2017 to end its extraordinary monetary policy, the world has become a riskier place. […]ECB: Monetary policy decisions
June 18, 2018 by Leave a Comment
ECB Governing Council and Press Conference in Riga, Latvia. ECB photo, some rights reserved. This article is brought to you from ECB’s Media Services On 14 June 2018 meeting, which was held in Riga, the Governing Council of the ECB undertook a careful review of the progress towards a sustained adjustment in the path of […]Draghi to hold on zero interest rates until he leaves ECB
June 18, 2018 by 3 Comments
The announcement of the end of the monthly money injections into Eurozone by Mario Draghi, the President of the European Central Bank was not received in the capital markets as a hawkish toughening of monetary policy, as it theoretically should have been. The reasons are many. On the contrary, the euro lost more ground with […]Central banking in times of complexity
May 25, 2018 by 1 Comment
Panel remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at a conference on the occasion of Sveriges Riksbank’s 350th anniversary, Stockholm, 25 May 2018. Brought to you by the European Sting from the European Central Bank site. It is fitting that we are discussing the future of central banking here in […]Draghi joined Macron in telling Germany how Eurozone must be reformed
May 17, 2018 by Leave a Comment
Mario Draghi the President of ECB, speaking at the European University Institute in Florence, on 11 May 2018, must have been under the influence of the idealistic aura of this Florentine learning institution. He went as far as proposing political policies, bravely overstepping his role as central banker of Eurozone. Draghi asked for an effective […]The ECB must extend its money stimulus beyond 2018: Draghi reckoning
April 30, 2018 by Leave a Comment
Last Thursday, 26 April Mario Draghi, tactfully left it to be understood that Eurozone may not any more grow so fast as we all knew it was doing until recently, and, consequently, the inflation goal of close to 2% may not be achievable. He communicated that by not repeating what he had said on 8 […]Germany resists Macron’s plan for closer and more cohesive Eurozone; Paris and Berlin at odds
April 23, 2018 by Leave a Comment
Last week, surprising everybody, Francois Villeroy de Galhau, Governor of the Bank of France and member of European Central Bank’s Governing Council said that the decision to stop ECB’s extraordinarily accommodating monetary measures this year, is premature. So, according to him, the central bank must continue applying its extra relaxed measures well beyond this year. […]Draghi strives to control the unruly exploitation of financial markets by banking leviathans
March 12, 2018 by Leave a Comment
During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]Draghi tells the EU Parliament his relaxed policies are here to stay
March 1, 2018 by Leave a Comment
The too slow or non existing pace of wage increases is the main reason for the non revival of inflation in Eurozone. This is what Mario Draghi told the Economic Committee of the European Parliament last Monday. He added that this is why the economic slack in the euro area may be larger than we […]ECB to people: Not responsible if you lose money on Bitcoin, your governments are
February 15, 2018 by Leave a Comment
Last Tuesday, 13 February Mario Draghi, the President of the European Central Bank in the most solemn terms said regulating or even banning Bitcoin “it’s not the ECB’s responsibility to do that”. However, he didn’t refrain from eagerly pointing out the very risky and misty nature of the digital ‘monies’. So, when asked again if […]‘Safe Eurobonds’: a new trick to betray the south euro area countries
February 1, 2018 by Leave a Comment
All along the years after the 2008-2010 financial crisis, which in the European Union took the form banking/government debt breakdowns starting with Greece, there were cries for the creation of a solid Eurozone. In every respect, these calls amounted to demands that super prosperous Germany accepts some degree of risk-sharing with the rest of the […]A Trumpist squad shook Davos and the world
January 29, 2018 by Leave a Comment
Towards the end of last week, in Davos, a money devaluation war broke out. In the ‘magic’ Alpine mountains American Trumpist dignitaries did what was expected of them: they told the world they don’t give a damn about it…Trump himself, however, appeared a bit less Trumpist than his folk. Overall though, a US administration squad […]Will the end of QE come along with ECB’s inflation target?
January 17, 2018 by Leave a Comment
The European Central Bank (ECB) will end its Quantitative Easing (QE) programme within the year as the Eurozone continues growing. However, the inflation rate which is not increasing as much as the ECB officials would like, stands as a barrier to its monetary policy. According to Reuters, sources close to the ECB mentioned that the […]Draghi keeps the euro cheap, helps debt refinancing, recapitalization of banks and growth
December 18, 2017 by Leave a Comment
Last Thursday, the European Central Bank decided to keep flooding the Eurozone with hundreds of billions, despite strong objections coming from the frugal German-Dutch duo. Mario Draghi was adamant about that. It’s interesting to follow his response to a journalist’s remark, who reminded him that the “Dutch Central Bank President Klaas Knot said in a […]Fed, ECB take positions to face the next global financial crisis; the Brits uncovered
November 6, 2017 by Leave a Comment
The appointment of Jerome Powell as the next head of the US central bank, the famous Fed, is a reassurance to the financial world that the giant lenders will continue being favored by ample and very cheap money. Last Thursday, Donald Trump, the American President didn’t dare to change the cautious approach to monetary policy. […]Extra mild ECB tapering of QE and zero interest rates keep euro low
October 30, 2017 by Leave a Comment
Last Thursday, Mario Draghi, the President of the European Central Bank performed again his superb balancing act, between the needs of the South and the demands of the North. He led the Governing Council of ECB, Eurozone’s most powerful body, to map the exit road from the extraordinary monetary measures (Quantitative Easing) state as frictionlessly […]German political spillovers: ECB’s Draghi resists first attacks by AfD
September 28, 2017 by Leave a Comment
Last Monday, Mario Draghi, President of the European Central Bank, speaking at the Economic Committee of the European Parliament had the opportunity to test the grounds and familiarize himself with the nature of political climate he may come across after the German elections. He had a heated exchange with the head of the AfD group […]The silent euro-dollar parity war rages but realities at home prevail
September 18, 2017 by Leave a Comment
At last, the European economy is growing faster than the US. According to Eurostat, the EU’s, statistical service, during the second quarter of this year, GDP grew by 2.4% in the club of 28 member states compared to the same period of 2016 and 2,2% in the US. It’s worthwhile nothing that in both the […]Draghi’s 2018 compromise: enough money printing to revive inflation and check euro ascent
September 11, 2017 by 3 Comments
Last Thursday Mario Draghi, the President of the European Central Bank, reassured the Eurozone banking conglomerates they will continue being blessed with zero cost money, well into the foreseeable future. He stated, “one thing is clear; the bottom line is that interest rates will stay, as it’s written here, at the present levels (zero for […]Is euro to repeat its past highs with the dollar?
September 4, 2017 by Leave a Comment
The strengthening of the euro vis-à-vis the US dollar is taking alarming proportions, puzzling markets and the European Central Bank. The Eurozone single currency has gained 14% from the beginning of the year, with the tempo of appreciation accelerating. It gained around 10% during the summer. For around three years, the ECB has been following […]
